The former boss of private equity house Terra Firma is set to be announced as the next chief executive of Heylo, a British provider of affordable housing.
Andrew Geczy will be tasked with accelerating Heylo’s expansion, Sky News reported. It owns Home Reach which has delivered 4,000 properties and has raised hundreds of millions of pounds.
The former private equity chief is likely to be looking for more money to fund an expansion of the company’s portfolio and help mitigate the massive dearth of affordable housing in the UK.
Geczy will be working with a series of prominent figures who Heylo has appointed to the boards of its string of subsidiaries. They include former housing minister Nick Raynsford and Grenville Turner who used to head up estate agent Countrywide.
Geczy has in the past been chief executive of wholesale banking and markets at Lloyds Banking Group and spent more than a decade at Citigroup.
He helped build strong returns for Terra Firma, and disposed RTR, a solar energy company, for £1.1bn.